Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Trading Down 8% – Should You Sell?

Shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) dropped 8% during trading on Wednesday . The stock traded as low as $4.12 and last traded at $4.26. 113,449,038 shares traded hands during trading, a decline of 36% from the average session volume of 178,650,094 shares. The stock had previously closed at $4.63.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

The stock has a 50-day moving average price of $11.08 and a 200 day moving average price of $33.51.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter valued at approximately $6,178,000. Axxcess Wealth Management LLC acquired a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth $151,000. VestGen Advisors LLC purchased a new position in Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter valued at $81,000. Toronto Dominion Bank boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 114.0% in the 4th quarter. Toronto Dominion Bank now owns 11,743 shares of the company’s stock worth $36,000 after buying an additional 95,743 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares during the fourth quarter worth approximately $2,212,000.

About Direxion Daily Semiconductors Bear 3x Shares

Direxion Daily Semiconductor Bear 3x shares seek daily investment results of 300% of the inverse (or opposite) of the price performance of the PHLX Semiconductor Sector Index (Semiconductor Index). The Semiconductor Index measures the performance of the semiconductor subsector of the United States equity market. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of February 18, 2010, the Semiconductor Index included companies with capitalizations between $1.7 billion and $114 billion.